# Borrow MAGMA: rates on every exchange

Annualised margin borrow rates for MAGMA at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-30 07:57 UTC · https://afterfees.xyz/borrow/MAGMA

## MAGMA borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.22% | 1.20% | 2.17% | 1.22% | $56.2K | $174.4K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 23.73% | 11.90% | 56.80% | 23.73% * | $120K | not published | Borrowable |

_Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred)._

## Reverse carry on MAGMA: borrow and sell spot, long the perp

No reverse MAGMA carry nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## MAGMA perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | MAGMAUSDT | 0.0050% | 4 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | MAGMA_USDT | 0.0050% | 4 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | MAGMAUSDT | 0.0215% | 4 h | +47.1% |
| [BingX](https://afterfees.xyz/venues/bingx) | MAGMA-USDT | 0.0301% | 4 h | +66.0% |
| [MEXC](https://afterfees.xyz/venues/mexc) | MAGMA_USDT | 0.0316% | 4 h | +69.2% |
| [Binance](https://afterfees.xyz/venues/binance) | MAGMAUSDT | 0.0316% | 4 h | +69.2% |
| [Bybit](https://afterfees.xyz/venues/bybit) | MAGMAUSDT | 0.0351% | 4 h | +77.0% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MAGMAUSDTM | 0.0673% | 4 h | +147.4% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [MAGMA](https://afterfees.xyz/coin/MAGMA) |

## Questions

**Where is it cheapest to borrow MAGMA?**

Bitget, at 1.22% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend MAGMA.

**Can I earn negative funding on MAGMA by borrowing it?**

Not right now: no reverse MAGMA carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._